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updated —XRP Funding Arbitrage Backtester
Size per leg$
R-trip cost
on +$10000.00 per leg · +$20000.00 turnover · funding covers it in ~86d
ⓘSlippage estimate may be inaccurate (thin orderbook or partial fill)
Funding ArbitrageLooking at price convergence? → /price-pair
Current Net APR · Snapshot
+1.01%
7d Period Avg+5.64%
swing±8.48%
LONG Hyperliquid · now
−3.86%
7d avg:+1.98%
SHORT grvt · nowXRP_USDT_Perp
−2.85%
7d avg:+7.62%
Entry Spread Now
+0.007%
In your favorL ask 0.9031 · S bid 0.9032+$0.66 at entry
24h range −0.33%…+0.38% · median −0.00%
Long pays every1hShort pays every8h
LONGmaker0.015%/taker0.045%SHORTmaker0.010%/taker0.050%
Loading Funding History…
↗Total PnL
−$12.39
−0.12%
$Avg Daily PnL
+$1.63
+0.0163%
★Best Day
+$5.48
Nov 9
◎Open Interest
Hyperliquid$73.33M
grvt$556.4K⚡Funding APR
+5.95%
annualized · funding only
⚠Execution Cost
−$23.80
entry + exit fees
⏱Payback
14.6d
to break even
◧24h Volume
Hyperliquid$179.18Mgrvt$38.97MLoading Cumulative PnL…
How it works: Funding PnL is bucketed daily from real settlement history. Execution Cost = round-trip taker fees + live L2 orderbook slippage on both legs (−$23.80 for size $10,000). Slippage scales nonlinearly with position size — try a larger size to see thin upper levels run out.